Franklin Corporation is expected to pay a dividend of $1.40 per share at the end of the year. The stock sells for $33.50 per share, and its required rate of return is 10.5%. The dividend is expected...

Franklin Corporation is expected to pay a dividend of $1.40 per share at the end of the year. The stock sells for $33.50 per share, and its required rate of return is 10.5%. The dividend is expected to grow at some constant rate, g, forever. What is the equilibrium expected growth rate?